Author Topic: CHASE closed ALL accounts!!!!!!!  (Read 29019 times)

Offline grodnoking

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Re: Chase just closed all of my accounts
« Reply #195 on: August 04, 2019, 01:42:49 PM »
Hello,

Does anyone know what is going on? I just went online and I see that chase has closed 5/6 of my accounts.

There was no funny business going on at all. Some of them had small balances and one had a large balance that was turning around every month.

Everything was current and paid with no issues. I had one small issue where one of the cards automatic payment didnt go through twice in a row but made sure to take care of it promptly.

Any idea what in the world is going on? Has anyone been in this situation before and can the accounts be re-opened somehow?

What do I do with all my points? I have about 400k points which I currently have access to right now but not sure what to do and if they will disappear.

So Nervous.

Thanks
Please post in the appropriate thread, where you will also find a large amount of information that you can read to see if you actually did something wrong (Hint: the last guy who said he did nothing wrong made three huge mistakes).

Points will disappear 30 days from when your account got shut down. Transfer them if you can't used them by then.
I'm not who you think I am.

Offline grodnoking

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I'm not who you think I am.

Offline Dan

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #197 on: August 04, 2019, 01:48:18 PM »
Hello,

Does anyone know what is going on? I just went online and I see that chase has closed 5/6 of my accounts.

There was no funny business going on at all. Some of them had small balances and one had a large balance that was turning around every month.

Everything was current and paid with no issues. I had one small issue where one of the cards automatic payment didnt go through twice in a row but made sure to take care of it promptly.

Any idea what in the world is going on? Has anyone been in this situation before and can the accounts be re-opened somehow?

What do I do with all my points? I have about 400k points which I currently have access to right now but not sure what to do and if they will disappear.

So Nervous.

Thanks
Returned payment is a massive red flag/trigger for all cards.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline AJK

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Re: Chase just closed all of my accounts
« Reply #198 on: August 04, 2019, 01:54:01 PM »
I had one small issue where one of the cards automatic payment didnt go through twice in a row but made sure to take care of it promptly.

The likely trigger. And it's bad news, in afraid.
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Offline shapsam

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #199 on: August 04, 2019, 01:58:56 PM »
This is one reason why I don't set up automatic payments.

Offline jdross

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #200 on: August 04, 2019, 02:13:45 PM »
Returned payment is a massive red flag/trigger for all cards.

Thanks Dan. Maybe thats what it is, but why would do they do something so severe? Its not like it was a chronic problem. It was only twice in however many years I had the account. And why close all but 1 account if only 1 account had the issue?

Anything I can do right now? Is anyone ever successful in getting them to undo this?
« Last Edit: August 04, 2019, 02:16:53 PM by jdross »

Online CountValentine

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #201 on: August 04, 2019, 02:17:44 PM »
Anything I can do right now? Is anyone ever successful in getting them to undo this?
Give them a call and plead your case.
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Offline Dan

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #202 on: August 04, 2019, 02:19:45 PM »
Thanks Dan. Maybe thats what it is, but why would do they do something so severe? Its not like it was a chronic problem. It was only twice in however many years I had the account. And why close all but 1 account if only 1 account had the issue?

Anything I can do right now? Is anyone ever successful in getting them to undo this?
Even once is a no-no. Not surprised at all that it was shut down after it happened twice.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline KSMH

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #203 on: August 04, 2019, 02:29:45 PM »
I say this is #fakenews
Agreed, although I don't do this now I've done it many times in the last with no issues.

Buisness account was not chase.
Always praying for delayed baggage.

Offline jdross

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Re: Chase just closed all of my accounts
« Reply #204 on: August 04, 2019, 03:02:41 PM »
The likely trigger. And it's bad news, in afraid.

How bad? Is there no shot of getting the to re-open those accounts?

I've been with them for over a decade and have had minimal issues in 10+ years and never missed any payment ever. Might have gotta a couple in after the due date but never ever had a payment be later than lets say 2-3 days.

Offline lakewood34

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #205 on: August 04, 2019, 03:15:46 PM »
Agreed, although I don't do this now I've done it many times in the last with no issues.

Buisness account was not chase.

right so chase had no idea it was a business account

Offline KSMH

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #206 on: August 04, 2019, 03:28:03 PM »
That's not what was written.

I said I have paid with a B account and never had issues.
Always praying for delayed baggage.

Offline lakewood34

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #207 on: August 04, 2019, 03:31:16 PM »
That's not what was written.

I said I have paid with a B account and never had issues.

sorry i wasn't clear what i meant is that i can see that it does make sense to suspect that  if someone paid a chase personal credit card from a non chase business account it wouldn't cause a problem but if he paid from a chase business account it would.

Offline Ekay

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Re: CHASE closed ALL accounts!!!!!!!
« Reply #208 on: August 04, 2019, 07:18:47 PM »
 I had a long conversation with a branch manager on Friday, he clarified that chaseís compliance dept team is growing by the day. They were hit with some major lawsuits including the Bernie madeoff case and it cost them billions of dollars in legal fees. They are strongly enforcing anti-money-laundering activity.

  The compliance department does not share with the bankers the reason for shutting down accounts. This is all their own research that they are conducting in-house to try to connect the dots and figure  out the triggers.

 One of the triggers they figured out after researching multiple shutdowns is paying a Chase personal credit card from a Chase business account which the compliance department considers commingling funds.  Itís the same thing that Chase does not allow for a business check to be deposited into a personal account. Chase wants personal and business to be separated totally to prevent money laundering.
« Last Edit: August 04, 2019, 08:57:26 PM by Ekay »

Offline Ekay

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Re: Chase just closed all of my accounts
« Reply #209 on: August 04, 2019, 07:19:47 PM »
How bad? Is there no shot of getting the to re-open those accounts?

I've been with them for over a decade and have had minimal issues in 10+ years and never missed any payment ever. Might have gotta a couple in after the due date but never ever had a payment be later than lets say 2-3 days.
You can have your banker send an email to the compliance dept to reconsider.